| |
SmartSales Inc. announces record quarter Sales increase 150%
newswire.ca
-------------------------------------------
TORONTO, Jan. 27 /CNW/ - SmartSales Inc. (Alberta Exch: SA), today
announced record sales of its leading SmartSales software products during the
three months ended December 31, 1998. Unaudited financial results show
revenues in excess of $200,000 during the quarter, an increase of
approximately 150 per cent over the previous quarter.
The increase in sales coincided with the recently announced full
commercial roll-out of all SmartSales software products, and significant
growth in the Company's network of value-added resellers across North America.
Approximately 75% of the sales during Fourth Quarter, 1998, were generated by
partner resellers.
The record sales during the final quarter represented approximately 40%
of revenues for the year, resulting in overall unaudited revenues for 1998 to
approximately $550,000, compared to $264,504 in 1997, an increase of about 108
per cent.
SmartSales Chairman Peter D'Cruz said today: ''The rapid increase in
sales reflects the growing market awareness and popularity of SmartSales
products as the Company has moved from development to a full sales and
marketing organization during the latter part of 1998. SmartSales is now
strategically positioned to continue this rapid growth cycle throughout
1999.''
SmartSales software products are used by corporate sales teams and their
managers to increase sales performance and generate reliable forecasts. Large
corporations currently using SmartSales products include: Toshiba Corporation,
Citibank, Royal Bank of Canada, Webster Bank, and AutoDesk, the fourth largest
PC software company in the world. The Company expects further developments in
the near future.
The Alberta Stock Exchange has neither approved nor disapproved the
information herein.
-30-
For further information: please contact: Mr. Peter D'Cruz, SmartSales
Inc., (416) 543-2343, pdcruz@smartsales.com
----------------------------------------------
|
|
